Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 557,700 shares, a growth of 7.7% from the September 15th total of 517,700 shares. Based on an average daily volume of 91,900 shares, the days-to-cover ratio is presently 6.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm boosted their target price on Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a research report on Thursday, September 19th. Northland Securities boosted their price objective on shares of Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, Ascendiant Capital Markets increased their target price on shares of Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research note on Monday, August 19th.

Insider Buying and Selling at Genasys

In other Genasys news, Director Mark Culhane bought 17,587 shares of Genasys stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the acquisition, the director now directly owns 37,587 shares in the company, valued at approximately $99,605.55. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Genasys by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock worth $4,579,000 after acquiring an additional 237,871 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Genasys in the second quarter worth approximately $875,000. Cutter & CO Brokerage Inc. increased its holdings in Genasys by 57.9% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock worth $403,000 after purchasing an additional 69,750 shares during the period. Finally, BOKF NA raised its position in Genasys by 103.4% during the 2nd quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after purchasing an additional 87,550 shares in the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Stock Performance

Shares of NASDAQ GNSS opened at $3.74 on Friday. Genasys has a fifty-two week low of $1.51 and a fifty-two week high of $4.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.98 and a current ratio of 2.58. The company has a market cap of $166.79 million, a price-to-earnings ratio of -6.03 and a beta of 0.53. The business’s 50 day moving average price is $3.27 and its 200-day moving average price is $2.56.

Genasys (NASDAQ:GNSS) last released its earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. The business had revenue of $7.17 million during the quarter, compared to analysts’ expectations of $7.48 million. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, sell-side analysts expect that Genasys will post -0.57 earnings per share for the current year.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.